Apple showed admirable patience by not revealing an iWatch at WWDC this week, but don't expect this discipline to last for long. A health-focused wearable is coming this fall, source says, and Apple is priming the supply chain for significant manufacturing.

On Friday, the Nikkei Asian Review reported that Apple is timing a new wearable to be released alongside iOS 8 in October. Referencing unnamed "industry sources," the website says Apple's new hardware will use a curved OLED display--shades of Samsung's Gear Fit--to help users track health data and receive obligatory smartphone notifications. 

Apple is planning for monthly production between 3 and 5 million units, sources say, and will partner with Nike on the project--a reasonable turn of events considering Nike's reported move to give up on its own FuelBand hardware.

So that's the word out of Asia. Half a world away, Recode reported Friday that Apple is planning an October launch event to show off a health-focused wearable. New iPhones are typically revealed in September or October, so one can only imagine the absolute chaos--the global mass hysteria--if and when new iPhones and this mythical iWatch are released in tandem.

The iWatch rendering at the top of this article was created by Todd Hamilton. You can see more of his iWatch concepts here.